VAT Training

VAT Paid for stay provided to new employees in a hotel can be claimed without any limit.

• YES

• NO

RCM Output VAT on import services will be calculated in the tax period in which booking that invoices.

• YES

• NO

We should convert foreign currency invoices for import of goods into AED by using central bank rate as on date of invoice for VAT purposes.

• YES

• NO

Supplier should not charge VAT if he does not have VAT registration number.

• YES

• NO

Even supply made by local supplier is more than AED 375,000, we should not ask the supplier reason for not taking registration.

• YES

• NO

Company can claim the input tax as and when it receives the proper tax invoice from the registered supplier.

• YES

• NO

FTA never ask for revenue reconciliations.

• YES

• NO

There is no requirement to have reconciliation between Box No. 6 auto populated import VS Customs statement.

• YES

• NO